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RadioShack (formerly written as Radio Shack) is an American electronics retailer that was established in 1921 as an amateur radio mail-order business. Its original parent company, Radio Shack Corporation, was purchased by Tandy Corporation in 1962, shifting its focus from radio equipment to hobbyist electronic components sold in retail stores.
RadioShack, which filed for bankruptcy for the second time last week, is closing 36 percent of its total stores.
By 1990, growth of Tandy Corporation's Radio Shack chain of electronics stores and Tandy personal computers had stalled. Incredible Universe was created with the intention to compete with rapidly growing electronics superstores like Circuit City, Best Buy, and CompUSA that were taking market share from Radio Shack. The company hoped that ...
Olson Electronics (currently a redirect that needs expansion) – a nationwide electronics store chain founded in 1927 by brothers Sidney, Philip and Irving Olsen in Akron, Ohio; at one time had more retail locations than Radio Shack; sold to Teledyne in 1968 and rebranded Teledyne Olson Electronics; later sold to 3 Chicago investors in August ...
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The first store to open was in Aartselaar, Belgium on August 9, 1973. The first UK store opened October 11, 1973, in Hall Green, Birmingham. Initially, these new stores were under direct ownership of Tandy Corporation. In 1986, Tandy Corporation formed its subsidiary InterTAN as separate entity though connections between them were still visible ...
With fewer than 100 stores, far fewer than the aggressively expanding Radio Shack's thousands of local outlets, Lafayette Radio remained more of a dedicated enthusiasts' store than a mass marketer. The company was also hurt by the advent of electronics retailers relying on aggressive marketing techniques and competitive pricing in the late 1970s.
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